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Elon Musk’s Firm Hits New Heights: SpaceX Worth $200 Billion!

Daniel Kim Views  

Yonhap News

Bloomberg reported on the 23rd (local time) that the value of SpaceX, the space company led by Tesla CEO Elon Musk, has been valued to be about $200 billion.

It was reported that SpaceX plans to sell insider stocks at a price between $108 and $110 per share through a tender offer, meaning the company is valued at $200 billion.

A $200 billion valuation puts the company in the top five in the world in terms of market capitalization. The only companies that have exceeded a market capitalization of $200 billion are Microsoft, Apple, Nvidia, and Google’s parent company, Alphabet.

Musk stated that SpaceX does not need additional capital through X, and will buy back its shares.

Daniel Kim
content@viewusglobal.com

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